point five trillion off dead and that starts the nomination of the budget it's not even the fiscal deborah including all of the unfunded liabilities that the united states government actually keeps of the books and if you include this figure really a looking at two hundred trillion us dollar of it's absolutely beyond control and all timidly it appears that the united states will be facing a sovereign debt crisis very much along the lines of the so-called pigs your. refinery as a bit also of the other european supposedly stronger countries so the expect a major major sovereign debt crisis from the major some countries. suggest that investors should stay out of the region and look for a form called sort of a commodity is taught to hedge for protect against what's going to occur well we'll talk about europe a little bit later in more detail but let's now focus on u.s. china relations we know that clinton is now a touring asian china's the largest foreign holder of u.s. debt and is particularly concerned is clinton's appeal to china and others not to lose faith in american economic model enoug